Committed Stock definition
Examples of Committed Stock in a sentence
Except as applicable in connection with the transactions contemplated by Sections 3 and 4 hereof, such Stockholder's Committed Stock at all times during the term hereof will be Beneficially Owned by such Stockholder, free and clear of all liens, claims, security interests, proxies, voting trusts or agreements, understandings or arrangements or any other encumbrances whatsoever.
Such Stockholder is the sole Beneficial Owner of the number shares of the Committed Stock set forth opposite such Stockholder's name on the signature page hereof.
Except as otherwise provided herein, the covenants and agreements contained herein with respect to the Committed Stock shall terminate upon the earlier of (a) the Termination Date or (b) the Effective Time.
If such Stockholder is married and such Stockholder's Committed Stock constitute community property, this Voting Agreement has been duly authorized, executed and delivered by, and constitutes a valid and binding agreement of, such Stockholder's spouse, enforceable against such person is accordance with its terms.
Subject to Section 5(f) hereof, each of the Stockholders agrees that this Voting Agreement and the obligations hereunder shall attach to each such Stockholder's Committed Stock and shall be binding upon any Person to which legal or Beneficial Ownership of such Committed Stock shall pass, whether by operation of law or otherwise, including without limitation, each Stockholder's heirs, guardians, administrators or successors.
Notwithstanding any such transfer of Committed Stock, the transferor shall remain liable for the performance of all obligations under this Voting Agreement.
Each of the Stockholders signs solely in his or her capacity as the Beneficial Owner of the Stockholder's Committed Stock.
Payment and delivery terms are set out in the Committed Stock Agreement.
Agere agrees to maintain SOC finished goods inventory called "Committed Stock" for managing flexibility to Maxtor demand upsides within SOC lead-time and/or other circumstances that would cause supply disruption of JIT deliveries to the Agere hub.
At or prior to the Effective Time, Envision shall deposit with the Exchange Agent, in trust for the benefit of holders of shares of LiQ Common Stock and Committed Stock, certificates representing the Envision Common Stock issuable pursuant to Section 1.8 in exchange for outstanding shares of LiQ Common Stock and Committed Stock.